 | Zora (ZORA) |
Bybit Launchpool
KuCoin GemPoolZora is a scalable Layer 2 built on Ethereum, prioritizes NFTs and media over traditional DeFi applications, enabling fast and cost-efficient transactions. The platform supports various types of content, including images, videos, songs, and more, allowing users to express and monetize their creativity freely.
Seed Round: $2M
Funding Round: $8M
Funding Round: $50M
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KuCoin Spotlight
ByBit
BaseWhat is Zora
Zora has the goal of altering the narrative surrounding the payment artists receive for their work. The aim of Zora is to let artists and designers capture a share of the resale value of their work, through fees collected when the NFT is resold. Zora has also partnered with COLORSxSTUDIOS, an aesthetic music platform featuring emerging talents on YouTube with almost 7 million subscribers to launch a digital collectible platform: COLORS COLLECT, where fans can buy a copy of the show as an NFT. In line with Zora's aim to enable artists, the proceeds from each collectible are divided with 50% going to the artist and 50% going to COLORS to make more shows collectible and further building out the platform.
The Zora ecosystem is mainly made up of the Zora marketplace and the Zora Network.
Zora is an NFT marketplace built by Zora for artists and other types of creators. The marketplace also functions as a place to register media provenance, which would help artists collect royalties hassle-free.
Zora is composed of protocols, smart contracts, and others that were specially designed to make it simple and affordable to add to the chain and distribute it to the collectors.
Zora’s operational model consists of 6 pillars.
- Smart Contracts
- Decentralized Marketplace
- Fees and Revenue Model
- Collect Fee
- Minting Fees
- Community Governance with Zora DAO
Zora Roadmap
We experimented with tokenizing physical goods as digital fashion house Saint Fame.
We productized the Saint Fame concept. Zora was created as a way for artists, musicians, and designers to continue to tokenize physical goods. Notably, the first project released with Zora was $TAPE, a token that could be redeemed for a limited-edition set of 100 cassette tapes by DJ and producer RAC.
We built auction houses for artists to sell 1/1 artworks, including Holly Herndon and Mat Dryhurst for their project Holly+. A particularly large moment for us was when the original DOGE meme was auctioned with Zora, earning 1696 ETH, making it the highest selling meme at the time.
Launched the onchain NFT marketplace protocol; a composable, immutable, universally accessible and censorship-resistant secondary marketplace for media.
We introduced more powerful tools to help creators bring their imagination onchain with Open Editions, which were used to create projects such as Jack Butcher's Checks and Opepen.
The release of the Zora app placed us as a leader in the emerging onchain social category. We made it easy for creators to mint their media on mobile.
Token Sale Dates
IEO
IEO
Token Allocation
Funding Details
Token distribution
20% - Community Intentives
10% - Retroactive Airdrop
5% - Community Liquidity
20% - Treasury
18.9% - Team
26.1% - Strategic Contributors
Project team
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